Duplex with Walkout
New
For Sale
$169,500
3626 SW Kiowa ST, Topeka, KS 66614
Topeka, KS
Property Size1,548 SF
Lot Size0.18 Acres
Price / SF$109.50
Days on Market7
Property Features for 3626 SW Kiowa ST
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 1, Bedroom 2
Standard status
Active
Size
1,548 SF
Lot size
0.18 Acres
Amenities
fireplace
rear deck
covered front porch
fenced backyard
Building Details
Year built
1986
Listing Agency:
NextHome Professionals
Listed By:
Seth Froese · License #00232658,PersonLicenseNumber
(913) 305-9540
Added: Sep 29
Last Checked: Oct 5 at 7:06AM
MLS# 246780
Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,548-square-foot duplex property, built in 1986, offers a two-bedroom, 2.5-bath layout across two finished levels. Interior features include a living room with cathedral ceilings and a fireplace, along with a finished walkout basement. Newer windows and a newer roof are also in place.
The 0.18-acre property includes a fenced backyard, a rear deck, and a covered front porch. The walkout basement provides direct access to the yard.
The 0.18-acre property includes a fenced backyard, a rear deck, and a covered front porch. The walkout basement provides direct access to the yard.
Key Highlights
- 1,548 square feet on a 0.18‑acre lot
- Two bedrooms and 2.5 bathrooms
- Finished walkout basement with fenced backyard access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,674
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$233,480
$233.5K
Cap Rate 7%
$166,771
$166.8K
Cap Rate 9%
$129,711
$129.7K
Market Conditions
NOI Build-Up for 1,548 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$17.6K $11.40/SF
− Vacancy
−$971 −$0.63/SF
EGI
$16.7K $10.77/SF
− OpEx
−$5.0K −$3.23/SF
NOI
$11.7K $7.54/SF
Area
Topeka, KS
Vacancy
5.50%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$233,480
Cap Rate 7%
$166,771
Cap Rate 9%
$129,711
Alternative Uses
Best Use
Multifamily LT 5
$166.8K
$145.9K – $194.6K
NOI $11,674 @ 7.0% cap · market cap 6.89%
Second Best
Apartment 5plus
$155.3K
$135.9K – $181.2K
NOI $10,871 @ 7.0% cap · market cap 6.41%
Theoretical Best
Self Storage
$174.6K
$152.8K – $203.7K
NOI $12,223 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
Explore this area
Business Placement
Demographics for 66614, KS
31,332
Population
15,273
Households
2.1
Avg Household Size
41
Median Age
39%
College-Educated
97%
High-School Grad
24.1 sq mi
ZIP Area
1,300
Density / Sq Mi
$70,419
Median Household Income
$47,871
Median Earnings
$995
Median Rent
$181,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Finished lower-level space connects to a fenced backyard, complemented by a rear deck and covered front porch.
Where is this duplex located?
The property is located at 3626 SW Kiowa ST Topeka, KS.
What is the asking price?
The asking price for this property is $169,500.
What are key features of this property?
This property features: 1,548 square feet on a 0.18‑acre lot; Two bedrooms and 2.5 bathrooms; Finished walkout basement with fenced backyard access
